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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Car washes
305 High St Delano, CA 93215-3507
Individually Owned
19-yr Hold
Free & Clear
Property ID
US09-0032479
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1955
Construction
WOOD
Total area
6,960 SF
Lot
0.7 ac (30,491 SF)
Zoning code
M1
APN
422-021-03-00-8
UPID
US09-0032479
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bill's Fast Lube & Smog Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$620k
Owner & transaction history
Melvin Nelson · 19 yrs held
Melvin Nelson
since 2006
3 recorded transactions
Zoning & alternative use
M1 · Delano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Delano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delano submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$965,000
Current use
INDUSTRIAL (GENERAL)
$885,000
Change: -9% · Conversion: Easy
RETAIL STORES
$880,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$89 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,421
Tax year 2023
Assessed value
$579,480
Assessed 2023
Previous assessed
$579,480
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$193,158
Assessed improvement
$386,322
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
YES
Cooling
EVAPORATIVE
Stories
1
Units
2
Total area
6,960 SF
Lot
0.7 ac (30,491 SF)
Zoning code
M1
APN
422-021-03-00-8
UPID
US09-0032479
Jurisdiction
KERN
Zoning & alternative use
M1 · Delano, CA
Zoning M1 · permitted uses
M1 · Delano, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delano. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$965,000
INDUSTRIAL (GENERAL)
Est. value
$885,000
RETAIL STORES
Est. value
$880,000
AUTO REPAIR, GARAGE Current
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Melvin Nelson
Individual
Free & Clear · 19 yrs held
Mailing address
305 HIGH ST, DELANO, CA 93215-3507
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2006
—
Melvin Nelson
Nelson,victoria
Quit Claim Deed
related
—
Dec 1, 2006
$450,000
Francisco Lule
Locke,bill R & Sharon
Grant Deed
$427,500 · Bill R & Sharon Locke
Dec 30, 1998
$155,000
Bill R Locke
San Joaquin Tractor Co
Grant Deed
$124,000 · San Joaquin Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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